Recap Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook As long as Y-1 / B-0 acting as resistance, retest of B-1 likely.
A break of B-1 will give us another clean flush to B-2.
GBPUSD May 19 to May 23 Outlook
Lawrence’s Comment
Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook
As long as Y-1 / B-0 acting as resistance, retest of B-1 likely.
A break of B-1 will give us another clean flush to B-2.
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